SHARPE
Reported results
- Net income (GAAP) was $10.5 million, or $0.50 per diluted share, for the third quarter of 2026, compared to $10.9 million, or $0.51 per diluted share, for the second quarter of 2026.
- Operating net income (non-GAAP) was $11.6 million, or $0.54 of operating earnings per diluted share, for the third quarter of 2026.
- Provision for credit losses was $1.7 million in the third quarter of 2026 compared to $1.9 million in the second quarter of 2026.
- Noninterest income (GAAP) totaled $12.3 million for the third quarter of 2026, an increase of 21.6% compared to $10.1 million in the third quarter of 2025.
- Noninterest expense (GAAP) totaled $27.6 million for the third quarter of 2026 compared to $24.6 million for the third quarter of 2025.
- Total deposits were $2.96 billion at September 30, 2026, a decrease of $14.5 million from June 30, 2026.
Guidance
- The Company estimates that the sale-leaseback transaction will result in an aggregate pre-tax gain of approximately $15 million, which is expected to be offset by realized losses from a planned repositioning of the Bank’s investment securities portfolio.
- Systems conversion and customer integration for the First Reliance partnership are currently expected in the second quarter of 2027.
Notes
Subsequent Event: On October 27, 2026, Colony Bank entered into a Purchase and Sale Agreement for the sale of three retail banking branch properties for an aggregate gross purchase price of approximately $19.9 million under a 15-year master lease agreement back to the bank with aggregate first-year base rent of approximately $1.65 million.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-28 (8-K, Item 2.02). Read the original filing on sec.gov.